Petronet LNG to set-up $950 million LNG import project in Bangladesh

02 Jan 2017

Petronet LNG, the country’s largest LNG importer, has signed an agreement to set up a $950 million Liquefied Natural Gas (LNG) import project in Bangladesh. The company has inked a Memorandum of Understanding (MoU) with Petrobangla to set up a 7.5 million tonnes (MT) a year project to receive and regasify LNG on Kutubdia Island in Cox’s Bazar and lay a 26-km pipeline to connect it to the consumption markets. The project envisions future expansion and can be used to supply LNG through small barges and LNG trucks to users which are not connected by gas grid.

Petronet LNG (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.



Related Petronet LNG Ltd. Links:

Petronet LNG Share Price

272.90 11.55 (4.42%) Jul 03, 18:01
1 Year Price Chart
Peers
Company Name CMP
GAIL India 104.85
Petronet LNG 272.90
Indraprastha Gas 447.40
Linde India 622.55
Confidence Petroleum 21.05
View more..
Sensex vs Petronet LNG
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback